2755 James M Wood Blvd - Apartments FOR SALE


Los Angeles, CA 90006- Koreatown
$1,460,000 USD
310-996-2210
2755 James M Wood Blvd, Los Angeles, CA for Sale
$1,460,000 USD
Apartments - FOR SALE
1/10
null | 5.32% Cap Rate

2755 James M Wood Blvd
Los Angeles, CA 90006
Koreatown


HIGHLIGHTS

  • Opportunity to acquire an 8-unit multifamily building in prime Koreatown with recent capital upgrades and value-add potential
  • 4 units have been renovated, allowing an investor to increase income and below market rents through strategic renovations on the remaining units
  • Accessory Dwelling Unit (ADU) potential at the rear of the building, offering a further opportunity to increase income (Buyer to confirm)
  • Separately metered for electricity and gas; Electrical panel has been upgraded
  • Renovated units feature modern kitchens and bathrooms, vinyl plank flooring, premium stainless steel appliances, new lighting, and open floorplans

OVERVIEW

Kidder Mathews is pleased to present the opportunity to acquire 2755 James M Wood Blvd, an 8-unit apartment building located in the heart of prime Koreatown, one of the most desirable and rapidly developing submarkets of Los Angeles. Originally constructed in 1952, 2755 James M Wood Blvd, is a well-maintained two-story structure with strong cash flow and upside potential. Spanning 3,777 square feet on a 6,753 square foot lot, the property features eight thoughtfully designed one-bedroom, one-bath units. Four of these units have been tastefully upgraded with modern kitchens and bathrooms, vinyl plank flooring, and premium stainless-steel appliances, while all units boast open floor plans that create a bright and inviting atmosphere. Additional highlights include eight parking spaces (one designated for trash bins) and an on-site laundry facility for tenant convenience. The electrical panel has been recently upgraded, and the property is separately metered for gas and electricity. Moreover, there is Accessory Dwelling Unit (ADU) potential at the rear of the building, offering a further opportunity to increase income (Buyer to verify). With a complete interior renovation program, an investor can fully capitalize on the remaining rental upside, making this an exceptional investment opportunity. The Property is ideally positioned in prime Koreatown, one of the most sought-after and vibrant communities in Los Angeles. The Property is a Walker’s Paradise, conveniently located amongst nearby amenities including entertainment venues, restaurants, shopping, hotels, and nightlife. Tenants are less than half a mile away from Southwestern Law School, only 0.6 miles away from the Wilshire/Vermont Metro Red and Purple Line Station and 0.9 miles away from the Westlake/Macarthur Park Station, offering tenants excellent accessibility across Los Angeles. The Purple Line is currently undergoing construction to extend the line by 2026 with new stations servicing Miracle Mile, Beverly Hills, Westwood and Brentwood. Further, the Property is centrally located near major employment centers including Downtown LA, Beverly Hills, Century City, Hollywood, West Hollywood, and Mid-Wilshire. Located in an area with immense economic growth, 2755 James M Wood provides investors with the opportunity to acquire a well-maintained asset with significant upside potential.

FOR SALE DETAILS

PRICE

$1,460,000 USD

PRICE/SF

$387 USD /SF

# OF UNITS

8

PRICE/UNIT

$182,500

CAP RATE

5.32%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1952

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,752 SF

ZONING

R4

APN/PARCEL ID

5077-025-024

ASK ABOUT THIS PROPERTY

Janet NemanKidder MathewsMore Info
310-996-2210

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Janet NemanKidder MathewsMore Info
310-996-2210

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.